What should dave appraisal report include

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Problem 1: What should Dave's appraisal report include if the highest and best use of the subject's land as though vacant is different than the highest and best use of his property as improved?

(1) The report should include identification of each highest and best use separately.
(2) The report should include a statement explaining that the highest and best use of the land as though vacant was determined under the theoretical presumption that the land is vacant and available for development.
(3) The report should include a statement that explains that the highest and best use of the property as improved was determined based on the continued economic viability of the property in its current state.
(4) All of the above statements should be included in the appraisal report.

Reference no: EM132908048

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